Northeast Private Client Group Sells Mixed-Use Redevelopment Opportunity in Dorchester, MA for $4.8M
– Leading mid-market investment sales firm represents seller and sources buyer for mixed-use redevelopment opportunity.–
Newton, MA (April 6, 2020) – Investment sales broker Northeast Private Client Group has announced the sale of Columbia Hall Mixed-Use located at 562 Columbia Road in Dorchester, MA. Drew Kirkland, senior associate for the firm, along with investment associate Tim McGeary, represented the seller and procured the buyer in the $4,800,000 transaction.
Columbia Hall Mixed-Use consists of three (3) retail tenants, 15 single room occupants and 9,600 SF of vacant commercial space. The property includes an additional three (3) parcels of land directly behind the building and provides the investor with a unique redevelopment opportunity in an up-and-coming part of Dorchester. A private seller sold the property to a Boston-based developer for a price that equates to $241.11 per square foot.
About Northeast Private Client Group
Northeast Private Client Group is a leading mid-market investment sales firm and has been named as one of the Inc5000 Fastest-Growing Private Companies in the US. With offices in New York, Connecticut, Rhode Island and Massachusetts, we provide unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to our individual clients’ needs. We have a proven track record of matching our clients with qualified buyers of multifamily and commercial properties in the submarkets we serve. Over the past ten years, our team has closed transactions with a total value over $1.5 billion.Our collaborative and research-driven solutions are tailored to meet the individual needs of investors and property owners across the Northeast who are looking to buy, sell or exchange mid-market properties, including mixed-use, multifamily, retail and office assets. To learn more, visit: www.northeastpcg.com.